Solana Exec Challenges XRP: On-Chain Metrics Debate
Solana Foundation executive Vibhu Norby publicly challenged XRP proponents to prove their bullish claims with on-chain metrics. In the Solana XRP debate, he cited data from XRPScan and independent dashboards showing the XRP Ledger has about 25,000 daily active accounts over three years, while Solana averages 2.5 million. He contrasted XRP’s 1–1.5 million daily transactions (about 17 TPS) with Solana’s 100 million daily transactions (over 1,000 TPS). In October, Solana’s stablecoin transfer volume neared $2 trillion, versus $50–60 billion for XRP. Rejecting bot and fee-structure arguments, Norby attributed Solana’s lead to superior technology and dismissed RippleNet’s off-chain adoption as irrelevant. He proposed a live debate to settle the Solana XRP on-chain activity dispute and advised XRP holders to reassess the timeline for on-chain growth. At press time, XRP traded at $2.40.
Bearish
The public challenge by Solana’s executive highlights XRP’s stagnating on-chain metrics—low daily active accounts, transactions and stablecoin volume—relative to Solana. This comparison may undermine trader confidence in XRP, prompting short-term selling pressure. Although a live debate could foster future adoption improvements, the immediate emphasis on XRP’s underperformance is likely to weigh on its price, making the impact bearish.